Not sure if you are following the results. they have been coming out with bumper results till now. India is turning into a manufacturing hub – this is the theme here.
Also, the moat for indian electronic manufacturing players is that amazon can’t sell made in china products so they have to get their amazon basic lineup from India only. This is really a big moat that people won’t find on screener and will be overshadowed by just viewing bottom line in result declarations.
There are more things to come here in EMS – india is special when it comes to getting and traning labour. Calcom has been hiring lately as per the job openings here.So likely top line increase will help in EBITDA for sure. Rest economies of scale at low base is going to kick in and all re rating criterias should be monitored in upcoming results.
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